Target Seeing Strong Start to Holiday Season, CFO Says

The transcript discusses Target's Q3 performance, highlighting a 12.7% top-line growth and 9% EPS growth despite cost pressures. The company emphasizes its durable strategy and adaptability in managing macroeconomic variables. Target is optimistic about the holiday season, noting strong consumer behavior and inventory management. The company has adapted its supply chain to ensure smooth operations. The message to investors focuses on the company's growth-oriented model and confidence in future performance.

What was the percentage growth in Target's top line during the third quarter?

• 10.5%

• 15%

• 12.7%

• 9%

What aspect of Target's business model is emphasized as a key strength?

• Innovation

• Expansion

• Durability

• Price reduction

Which product categories saw double-digit growth in the third quarter?

• Apparel and food

• Books and stationery

• Electronics and furniture

• Toys and games

What strategy has Target adopted to enhance consumer convenience?

• Discounted prices

• Drive-up and order pick-up

• Extended store hours

• Loyalty programs

How has Target managed its inventory to prepare for the holiday season?

• Reduced inventory levels

• Limited stock to essential items

• Increased inventory by 20%

• Outsourced inventory management

What operational change has Target implemented in its supply chain?

• Increased daytime deliveries

• 24/7 port operations

• Reduced shipping costs

• Outsourced logistics

What is Target's outlook for the holiday season according to the speaker?

• Uncertain

• Bullish

• Neutral

• Pessimistic